Blog - page 9

Many have said we're a nation of shopkeepers and it has unfortunately been these high street businesses - shops, restaurants, beauty salons, hotels, hairdressers, cafes, bars, garages and the like - that have been particularly hard hit by the dearth in bank lending over the last couple of years.

Since Boost Capital launched in the UK three years ago, awareness of alternative finance has rocketed, as more small business owners realise the range of funding options available outside the mainstream.

Adam Tavener, head of alternativebusinessfunding, and chairman of Clifton Asset Management and pensionledfunding.com, talks to trfnews about how the UK's Small Business, Enterprise and Employment Act 2015 is set to impact on the country's alternative and receivables finance market, and about where the industry is headed over the next few years

This week we heard from the Treasury again. Their message was to the point. The pre-election 'purdah' was over, and not only were they getting back to the business of delivering the bank referrals part of the Small Business Act, they were seriously getting a move on with some pretty tight timescales for us all to stick to with respect to shaping the detail of the regulations.

Four reasons to borrow with FundingKnight: fair, modern, responsive, egalitarian FundingKnight is an established member of a nascent Alternative Finance industry that is bursting with energy, innovation and growing up fast.

In July 2014, a Professor of Finance and a group of entrepreneurs who have run start-ups, AIM listed firms and digital businesses founded ArchOver, a crowdlending company. ArchOver is a subsidiary of the Lloyd’s names agency, Hampden Group.

In a word, cost. Secured lending is cheaper than equity funding. This is because secured lending means that the lender has 'security' in other words, if you do not repay the loan, they have something tangible that can be sold in order to repay the loan. This makes the lending less risky and so the rate charged by the lender will be less.

Adam Tavener, founder of the Alternative Business Funding collaboration, writes an open letter to Prime Minister David Cameron on why SME access to finance needs to be a priority for the new Government.

In common (I suspect) with other candidate platforms seeking designation under the Small Business, Enterprise and Employment Act, ABF submitted its formal expression of interest to the British Business Bank last week.